HDFC Ltd Q1 Results FY2023, PAT at Rs. 5574 crores

Shreya Anaokar 9th December 2022 - 12:25 pm

On 29th July 2022, HDFC Ltd announced its quarterly results for the first quarter of FY2023.

Q1FY23 Key Highlights:

- HDFC Ltd’s revenue from operations stood at Rs. 23183 crores with a drop of 25% YoY

- The interest income stood at Rs. 12,457 crores with a growth of 16.8% YoY

- The net loss on investment stood at Rs. 6662 crores

- The company stood PAT at Rs. 5574 crores with a growth of 5% YoY.

- The total expenses were down by 29% YoY to Rs. 18384 crores which was mainly due to the reduction of claims by the policyholders.

Business Highlights:

- On the lending front, the average size of individual loans stood at Rs. 35.7 lakhs.

- As of June 2022, the outstanding amount in respect of individual loans sold stood at Rs. 88856 crores for the company.

-HDFC Ltd’s total asset under management grew to Rs. 671364 crores as against Rs. 574136 crores in Q1FY22.

- The revenue from loans grew by 13.9% YoY to Rs. 13491 crores

- The revenue from Life Insurance dropped by 61% YoY to Rs. 5953 crores

- The General Insurance segment reported revenue at Rs. 4093 crores with a growth of 19.3% YoY.

- The asset management segment reported revenue to Rs. 561 crores with a growth of 3.5% YoY.

- The other segments posted revenue at Rs.194 crores, up by 39.5% YoY.

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Shreya Anaokar

Disclaimer: Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.

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